Nomura High Yield Total Return ETF

Frequently Asked Questions About HFIX

What does HFIX invest in?

The Fund is an actively managed exchange-traded fund of Nomura ETF Trust that seeks current yield and capital growth. Under normal circumstances it invests at least 80% of net assets, plus any borrowings for investment purposes, in high yield bonds (also known as junk bonds) rated below investment grade by Moody's, S&P, or Fitch, or, if unrated, determined to be of comparable quality by Nomura Corporate Research and Asset Management Inc. (NCRAM). The Fund may invest in new issuances of high yield bonds and in distressed high yield bonds.

What is the expense ratio of HFIX?

Nomura High Yield Total Return ETF (HFIX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of HFIX?

Effective duration measures HFIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HFIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HFIX?

HFIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HFIX?

Yield to maturity (YTM) is the total return you'd earn from HFIX if every bond in the portfolio is held to maturity at the current price. HFIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is HFIX?

Nomura High Yield Total Return ETF (HFIX) manages $75.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.